证券代码：002860 证券简称：星帅尔 未来公司将继续提高研发技术水平，拓宽产品应用场景， 积极争取更多优质客户合作，加大业务开拓力度，进一步提高 公司在新能源汽车零部件的市场份额，为公司营收增长做出新 的贡献。 | 2、公司未来的盈利有什么增长点？ | | --- | 公司家电业务板块一直为公司提供着稳定的客户、订单， 应用场景不断拓宽，持续焕发新活力,未来仍具备稳健、持续 发展的能力。 公司未来将工作重心向电机新产品、新项目的研发方面倾 斜，加大对子公司浙特电机的技术和财力支持，推动新产品研 发和市场拓展，重点研发高效永磁电机（扁线，高速）、伺服 电机等，积极迎合市场需求，寻求合作伙伴，力争以多种方式 开展合作，为公司盈利提供新的增长点。 3、公司产品在新能源汽车领域的应用情况如何？ 公司给新能源汽车所配套的产品主要是空调电机、撑杆电 机、电瓶密封接线柱、温度控制器等,已经与部分优质新能源 汽车厂家建立了良好的供货及其他合作关系。例如：子公司浙 特电机向新能源汽车企业供应的产品已覆盖电机零部件和电 机整机，与比亚迪合作顺利，目前已批量供货；子公司新都安 的温控器产品已应用于某知名汽车品牌的车载冰箱，供货 ...

Group 1: Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and independent R&D capabilities [1][2]. - The company's main business includes the R&D, production, and sales of various types of thermal protectors, starters, sealing terminal blocks, temperature controllers for small appliances, and various types of motors, as well as photovoltaic module products [2]. Group 2: Future Development Strategy - The company plans to focus on R&D in new energy, new tracks, new products, and new projects, particularly increasing support for its subsidiary Zhejiang Special Motor in terms of technology, finance, and human resources [3]. - Key areas of R&D will include high-efficiency permanent magnet motors and servo motors, aiming to meet market demand and seek partnerships for collaboration [3]. Group 3: Application in New Energy Vehicles - The company supplies products such as air conditioning motors, support rod motors, battery sealing terminal blocks, and temperature controllers to the new energy vehicle sector [4]. - Successful collaborations have been established with reputable new energy vehicle manufacturers, including bulk supply to BYD and stable quality in products used in well-known automotive brands [4]. Group 4: Product Application Areas - Zhejiang Special Motor designs and customizes various motor products and components for diverse applications, including industrial machinery, mining machinery, oil fields, new energy vehicles, elevators, refrigerators, air conditioners, wind power generation, electric motorcycles, and military applications [5]. Group 5: Market Position and Competitive Advantage - The company maintains a leading market share in thermal protectors and starters due to its focus on technology R&D and product upgrades, which has built a strong brand advantage [6][7]. - Future strategies will continue to emphasize deepening core business and maintaining a commitment to innovation to further solidify competitive advantages [7].

4 月出口（美元计价）同比+8.1%，表现出较强韧性。据海关总署数据显示，中国 4 月出口（以美元计价）同比增长 8.1%，延续良好增长态势，1-3 月出口同比分别+6.0%、-3.0%、+12.4%。25 年前四个月，东盟、欧洲、美国分别为我 国前三大贸易伙伴，我国对其出口金额分别为 1.48 万亿、1.21 万亿、1.07 万亿，同比分别+12.6%、6.1%、-1.5%。4 月出口表现出较强韧性，预计主要受益于非美地区需求强劲。 暖通产业链 25Q1 销售数据高增。1）整机产品出口表现显著优于内销，主因海外经销商在关税政策不确定性下的提前 备货行为；2）上游零部件受益于下游产量高增长，内需供应端普遍实现较高增速，其中国内补贴政策与"抢出口"效 应形成双向拉动。家用空调：根据产业在线，25Q1 实现总销量 5887.3 万台，同比+15.3%，其中内销 2735.2 万台，同 比 +6.2%，出口 3152.1 万台，同比 +24.5%，出口表现优于内销。受季节性备货节奏影响，出口端占据主导，预计随 着出口淡季和内销旺季备货到来，市场结构将迎来切换。二季度排产数据显示内销端呈现显著提升，反映厂商对旺季 市 ...